Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which should he choose if he wants the best rate of return on his interest?
A) Annual Compounding
B) Semi-Annual Compounding
C) Monthly Compounding
D) Daily Compounding
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Anthony is deciding between different savings accounts at his bank. He has four options, based on how frequently interest compounds. Which ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The money supply equals Group of answer choices a. monetary base plus money multiplier. b. monetary base divided by money multiplier. c. money multiplier divided by monetary base. d. money multiplier multiplied by monetary base.
Answers (1)
A registered investment adviser lives in State X. The adviser does business with 1 client in State A and 1 client in State B. The adviser gives seminars about investing to groups of potential customers in State C.
Answers (1)
According to the path-goal theory of leadership: Select one: a. great leaders are born, not made. b. the best leaders possess high levels of emotional intelligence. c.
Answers (2)
The following operating information reports the results of Bramble Company's production and sale of 12,500 air-conditioned motorcycle helmets last year. Based on early market forecasts, Bramble expects the same results this year.
Answers (1)
Suresh Co. expects its five departments to yield the following income for next year. Dept. M Dept. N Dept. O Dept. P Dept.
Answers (1)
New Questions in Business
Question 2 1 pts How much is the fine for your thost offense for failure to keep insurance? $1000 $400 $200 $20
Answers (2)
A movie company makes 500,000 DVDs of one of its latest releases. It sells 300,000 of them before the end of the second quarter, and holds the others in its warehouse. How will the 200,000 unsold DVDs be treated in the GDP statistics?
Answers (1)
Which is a primary activity in Porter's value chain model? A. finance B. procurement C. human resources D. outbound logistics
Answers (1)
During the past six months, 73.2% of US households purchased sugar. Assume that these expenditures are approximately normally distributed with a mean of $8.22 and a standard deviation of $1.10. 99% of the households spent less than what amount?
Answers (1)
You just inherited?$12 comma 00012,000. while you plan to squander some of it? away, how much should you deposit in an account earning 44?% interest per year if? you'd like to have?$12 comma 00012,000 in the account in 88? years?
Answers (1)